Earlyrain Inc.'s 2020 income statement, excluding the earnings per share portion of the statement, was as follows: Revenues Expenses: Depreciation Income taxes Other expenses Profit from continuing operations Loss from operating discontinued business segment (net of $15,300 tax benefit) Loss on sale of business segment (net of $8,120 tax benefit) Profit Profit from continuing operations Loss from discontinued operations Profit Basic 73.700 00 → $400,000 $ 41,700 53,500 166,000 261,200 $138,800 $ 45,500 The weighted average number of common shares outstanding during the year was 100,000. Present the earnings per share portion of the 2020 income statement. (Round the final answers to 2 decimal places. Loss should be entered with negative sign.) 19,600 (65,100) $ 73,700
Earlyrain Inc.'s 2020 income statement, excluding the earnings per share portion of the statement, was as follows: Revenues Expenses: Depreciation Income taxes Other expenses Profit from continuing operations Loss from operating discontinued business segment (net of $15,300 tax benefit) Loss on sale of business segment (net of $8,120 tax benefit) Profit Profit from continuing operations Loss from discontinued operations Profit Basic 73.700 00 → $400,000 $ 41,700 53,500 166,000 261,200 $138,800 $ 45,500 The weighted average number of common shares outstanding during the year was 100,000. Present the earnings per share portion of the 2020 income statement. (Round the final answers to 2 decimal places. Loss should be entered with negative sign.) 19,600 (65,100) $ 73,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Gadubhai
Transcribed Image Text:Earlyrain loc's 2020 income statement, excluding the earnings per share portion of the statement, was as follows:
Revenues
Expenses:
Depreciation
Income taxes
Other expenses
Profit from continuing operations
Loss from operating discontinued business segment
(net of $15,300 tax benefit)
Loss on sale of business segment
(net of $8,120 tax benefit)
Profit
Profit from continuing operations
Loss from discontinued operations
Profit
Basic
$ 41,700
53,500
166,000
73.700 00
→
$ 45,500
19,600
$400,000
The weighted average number of common shares outstanding during the year was 100,000. Present the earnings per share portion of
the 2020 income statement. (Round the final answers to 2 decimal places. Loss should be entered with negative sign.)
261,200
$138,800
(65,100)
$ 73,700
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